According to UNESCO Reporting, "Governments in North America and Western

According to UNESCO reporting, "Governments in North America and Western Europe invested th highest shares of national resources in education: 5.6 percent of GDP."
HYPERLINK "http://www.worldometers.inf/" www.worldometers.inf
As a result, we would expect , all else held constant.

A) higher economic growth rates in these countries compared to other countries
B) lower saving rates and slower economic growth.
C) lower economic growth rates in the countries because fewer resources can be devoted to innovation.
D) lower research and development spending and lower economic growth unless the governments can raise taxes.

Correct Answer:

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